Company Valuation: Azrieli Group Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 24,752 36,018 28,329 28,839 36,491 57,047 57,047 -
Change - 45.52% -21.35% 1.8% 26.53% 56.33% 0% -
Enterprise Value (EV) 1 33,907 48,400 41,410 46,673 57,752 86,772 89,469 92,229
Change - 42.74% -14.44% 12.71% 23.74% 50.25% 3.11% 3.09%
P/E ratio 131x 12.5x 15.8x 13x 24.7x 19.4x 12.2x 12x
PBR 1.15x 1.43x 1.06x 1.02x 1.25x 2.04x 1.8x 1.61x
PEG - 0x -0.4x 0.5x -0.7x 0.2x 0.2x 6.17x
Capitalization / Revenue 21.2x 23.4x 10.5x 9.8x 11.1x 19.3x 16.9x 15.8x
EV / Revenue 29x 31.4x 15.4x 15.9x 17.6x 29.4x 26.5x 25.5x
EV / EBITDA - - - - - - - -
EV / EBIT 33.7x 35.7x 25.4x 27.2x 29.4x 38.8x 34.8x 32.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.71 6.597 5.772 8.25 6.6 7.137 8.288 8.959
Rate of return 1.82% 2.22% 2.47% 3.47% 2.19% 1.52% 1.76% 1.9%
EPS 2 1.56 23.82 14.82 18.35 12.17 24.2 38.5 39.25
Distribution rate 238% 27.7% 38.9% 45% 54.2% 29.5% 21.5% 22.8%
Net sales 1 1,170 1,541 2,690 2,943 3,281 2,951 3,373 3,611
EBITDA - - 1,646 - - - - -
EBIT 1 1,005 1,355 1,630 1,716 1,964 2,239 2,574 2,803
Net income 1 189 2,889 1,797 2,225 1,477 2,934 4,689 4,764
Net Debt 1 9,155 12,382 13,081 17,834 21,261 29,726 32,422 35,182
Reference price 2 204.10 297.00 233.60 237.80 300.90 470.40 470.40 470.40
Nbr of stocks (in thousands) 121,273 121,273 121,273 121,273 121,273 121,273 121,273 -
Announcement Date 25/03/21 23/03/22 22/03/23 21/03/24 20/03/25 - - -
1ILS in Million2ILS
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.44x29.41x - 1.52% 18.52B
17.88x5.32x14.84x2.8% 51.67B
27.03x4.93x20.7x0.94% 37.71B
19.86x3.61x17.88x1.76% 33.91B
5.38x0.59x1.18x7.93% 30.68B
21.46x7.93x22.49x0.88% 29.13B
8.09x1.22x6.65x4.41% 27.89B
15.9x1.01x6.7x2.34% 22.08B
13.02x3.1x10.71x3.67% 21.41B
Average 16.45x 6.35x 12.64x 2.92% 30.33B
Weighted average by Cap. 16.93x 5.49x 13.39x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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